British Airways Pensions Investment Management Ltd Raises Stake in UBS AG (UBS)

British Airways Pensions Investment Management Ltd grew its holdings in UBS AG (NYSE:UBS) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,100,232 shares of the bank’s stock after acquiring an additional 90,515 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in UBS AG were worth $18,814,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UBS. Mountain Capital Investment Advisors Inc purchased a new position in shares of UBS AG in the 2nd quarter valued at $118,000. Fiduciary Trust Co. purchased a new position in shares of UBS AG in the 2nd quarter valued at $136,000. Segantii Capital Management Ltd purchased a new position in shares of UBS AG in the 2nd quarter valued at $166,000. Oppenheimer & Co. Inc. purchased a new stake in UBS AG during the 2nd quarter worth $173,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in UBS AG by 36.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock worth $178,000 after buying an additional 2,809 shares during the period. 31.56% of the stock is currently owned by institutional investors and hedge funds.

UBS AG (UBS) traded down $0.03 during trading on Thursday, reaching $16.98. 1,164,600 shares of the company traded hands, compared to its average volume of 2,023,376. UBS AG has a 12-month low of $15.10 and a 12-month high of $18.31. The stock has a market cap of $65,531.66, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 0.86 and a beta of 1.24. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.21 and a quick ratio of 1.21.

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Several research firms recently issued reports on UBS. Zacks Investment Research raised shares of UBS AG from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday, September 18th. BidaskClub downgraded shares of UBS AG from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Instinet downgraded shares of UBS AG from a “buy” rating to a “neutral” rating in a research note on Sunday, October 1st. Finally, Bank of America Corporation raised shares of UBS AG from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

UBS AG Profile

UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.

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Institutional Ownership by Quarter for UBS AG (NYSE:UBS)

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